Paramount Resources Ltd. (TSE:POU) to Issue Monthly Dividend of $0.05

Paramount Resources Ltd. (TSE:POUGet Free Report) announced a monthly dividend on Monday, August 17th, TickerTech Dividends reports. Stockholders of record on Monday, August 31st will be paid a dividend of 0.05 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, August 17th.

Paramount Resources Stock Performance

POU opened at C$31.90 on Friday. Paramount Resources has a 1-year low of C$19.37 and a 1-year high of C$33.44. The stock has a market cap of C$4.65 billion, a P/E ratio of 40.90, a P/E/G ratio of 0.14 and a beta of -0.25. The stock’s 50 day simple moving average is C$29.04 and its 200 day simple moving average is C$28.73. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.87 and a quick ratio of 0.68.

Paramount Resources (TSE:POUGet Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.47 EPS for the quarter. Paramount Resources had a return on equity of 4.30% and a net margin of 11.19%.The company had revenue of C$317.90 million for the quarter. As a group, equities analysts anticipate that Paramount Resources will post 1.4075758 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on POU. Scotia upped their price target on shares of Paramount Resources from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their price target on Paramount Resources from C$35.00 to C$37.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Raymond James Financial lifted their price objective on Paramount Resources from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. BMO Capital Markets raised their price target on shares of Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Scotiabank upgraded shares of Paramount Resources to a “hold” rating in a research report on Friday, June 26th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$34.35.

Read Our Latest Analysis on Paramount Resources

Paramount Resources Company Profile

(Get Free Report)

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.

Further Reading

Dividend History for Paramount Resources (TSE:POU)

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